El Moro is a Mexico city tradition, I only managed to visit once on my trip to Mexico city but now wish I had been many more times!
Order your hot chocolate from a number of different styles (Mexican, Spanish, French, Special) .. a standard order comes with 4 fresh, hot delicious, cinnamon-y churros which you then dip into your hot chocolate.
Open 24 hours, always busy so you know its good, and you can even watch them making the churros as you enter through the door.
I would definitely go back.
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